Indian Agriculture Minister congratulates SFAC for linking 1000 markets to e-NAM

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Addressing the 19th Annual General Board meeting of the SFAC (Small Farmers’ Agribusiness Consortium), Indian Agriculture Minister Narendra Singh Tomar congratulated the entire team of SFAC for linking 1000 markets to e-NAM (National Agriculture Market) in two phases.

The minister further said that the objective of creating the platform should be accomplished. More than 1.60 crore farmers and over 1.30 lakh businesses have been registered with e-NAM since its inception, the minister added.

Mr Tomar said that it is a challenge for us to ensure that there is an ease in the selling of produce, along with transparency so that farmers could get remunerative prices for their produce.

Farmers have completed the harvesting work with great dedication even during the period of Coronavirus-triggered nationwide lockdown. SFAC must be congratulated for helping the farmers in this, according to the minister.

To recap, the National Agriculture Market (NAM) is a pan-India e-trading portal. It networks the existing APMC (Agricultural Produce Market Committees) mandis to create a unified national market for agri-commodities.

The e-trading portal offers a single-window service for all APMC-related services. It also helps in removing information asymmetry between buyers and sellers by promoting real-time price discovery.